DUBLIN – (BUSINESS WIRE) – October 29, 2021–
The report “Mobile Phone Accessories Market by Product, by Distribution Channel, by Price Range – Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to the offering of ResearchAndMarkets.com.
The global mobile phone accessories market size, valued at USD 202.45 billion in 2020, is expected to reach USD 328.70 billion by 2030 with a CAGR of 4.5% from 2021-2030.
Global digitization is leading to increased dependence on smart gadgets, especially mobile phones. The improved connectivity spectrum tends to higher adoption of mobile phones at the individual level resulting in consequent growth of the mobile phone accessories market. Cell phone accessories are the hardware components, insignificant in the operation of cell phones, but are necessary to provide further support, product improvement and a greater factor of convenience. This includes innovative accessories such as external batteries, power banks, wireless headphones, wireless chargers, memory card, protective case, screen protectors and many more.
The cell phone accessories market is flourishing due to the increased adoption of cell phones globally. According to a survey, the total number of smartphone shipments in the third quarter of 2019 reached 352.4 million units. Growing penetration of IoT and AI technologies, as well as innovative technological advancements in speech recognition systems, wireless audio products, clip-on headphones, as well as the precise integration of speech recognition software; are the growth factors of the global market.
In addition, rapid urbanization, increasing per capita income globally, a greater inclination towards social networking sites and the growing demand for trendy mobile accessories, especially from the younger generation, are expected to propel the growth of the mobile phone accessories market in coming future.
However, the increased use of headphones resulting in hearing loss issues and fierce competition among major manufacturers resulting in higher tariffs imposed on international trade are the factors that are expected to hamper the growth of the mobile phone accessories market over the course of of the forecast period.
In addition, advanced product launches by market players, growing demand for wireless accessories and fast-processing software, as well as technological advancements in imaging and photography accessories, are opening up new avenues of development. lucrative opportunities in the global mobile phone accessories market.
- Apple Inc.
- Bose Company
- Byd Company Ltd.
- Energizer Holdings, Inc.
- Jvckenwood Company
- Panasonic Corporation
- Plantronics, Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Sennheiser Electronic GmbH & Co. Kg
Main topics covered:
2. Market Overview, 2019-2030 Million USD
3. Analysis of Porter’s five forces model
4. Market share analysis, 2020 (%)
5.1. Growth drivers
5.1.1 Growing demand for wireless accessories
5.1.2 Increased adoption of smartphones
5.1.3 Strong distribution network
5.2.1 Impact of the supply disruption due to the coronavirus epidemic
5.2.2 Adverse effect of hearing ability
5.3.1 Rapid technological advances
5.3.2 Growing Need for Convenience
6. Global Mobile Phone Accessories Market, By Product Type
7. Global Mobile Phone Accessories Market, By Distribution Channel
8. Global Mobile Phone Accessories Market, By Price Range
9. Global Mobile Phone Accessories Market, By Region
10. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/95ssu3
See the source version on businesswire.com: https://www.businesswire.com/news/home/2021029005279/en/
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INDUSTRY KEYWORD: OTHER DETAILS OF MOBILE / WIRELESS ELECTRONICS
SOURCE: Research and markets
Copyright Business Wire 2021.
PUB: 10/29/2021 08:48 / DISC: 10/29/2021 08:48
Copyright Business Wire 2021.